AtmaNirbhar Bharat Quiz: Test your Current Affairs

PaiSA (Portal for Affordable Credit and Interest Subvention Access) is a centralised electronic platform for processing interest subvention on bank loans to beneficiaries under Deendayal Antyodaya Yojana - National Urban Livelihoods Mission (DAY-NULM).

Atmanirbhar Bharat (Self Reliant India) is the vision of the Prime Minister of India, Narendra Modi, of making India a self-reliant nation in the wake of covid19 pandemic.

Ministry of Micro, Small & Medium Enterprises (MSME) under Government of India launched the Credit Guarantee Scheme (CGS) so as to strengthen credit delivery system and facilitate flow of credit to the MSE sector.

Interest subvention means the subsidy, provided by the government on the interest of a loan.

District Mineral Foundation (DMF) is a trust set up as a non-profit body, in districts affected by the mining works.Its objective isto work for the interest of the benefit of the persons and areas affected by mining related operations.

The State Disaster Response Fund (SDRF) is the primary fund available with State Governments for responses to notified disasters.

The statutory PF contribution of both employer and employee would be reduced to 10% each from existing 12% each for all establishments covered by EPFO for next 3 months.

PM Modi said, "Atmanirbhar Bharat (India`s self reliance) would be based on 5 pillars - Economy, Infrastructure, System, Demography and Demand."

Under the new definition of MSMEs, an additional criteria of turnover was introduced for classification of the unit type.

Moratorium is a temporary postponement of payment of interest / principal / instalments.

The RIDF was set up by the Government of India in in NABARD for financing ongoing rural Infrastructure projects.

Kisan credit card is a government scheme that aims to provide farmers avail loans at concessional rates inorder to save them from exorbitant rates usually charged by moneylenders in the unorganised sector.

Fund of Funds (FoF) will help MSME to expand their size as well as capacity.It will also encourage them to get listed on main board of Stock Exchanges.

Vivad se Vishwas is intended for reducing litigation between individuals and the tax department for settling matters that have been pending for several years.

The MNREGA wage was increased to Rs 202 a day from Rs 182 a day, to benefit poor families.

Under Pradhan Mantri Garib Kalyan Yojana, Rs 50 Lakh per health worker was announced to help them fight the battle against Corona Virus.